Saudi Central Bank grew its holdings in AT&T Inc. (NYSE:T – Free Report) by 13.9% in the second quarter, Holdings Channel reports. The institutional investor owned 1,855,580 shares of the technology company’s stock after acquiring an additional 227,071 shares during the quarter. Saudi Central Bank’s holdings in AT&T were worth $40,307,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the 4th quarter valued at $25,000. Blueline Advisors LLC purchased a new stake in AT&T in the 4th quarter worth $26,000. Winnow Wealth LLC raised its position in AT&T by 362.8% during the fourth quarter. Winnow Wealth LLC now owns 1,046 shares of the technology company’s stock worth $26,000 after acquiring an additional 820 shares during the period. Orion Capital Management LLC acquired a new position in AT&T during the second quarter worth $26,000. Finally, Addison Advisors LLC acquired a new position in AT&T during the second quarter worth $27,000. 57.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $25.00 target price on shares of AT&T in a research report on Monday, July 13th. Wall Street Zen raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their price target on shares of AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lifted their price objective on AT&T from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target of $29.19.
AT&T Stock Performance
T opened at $25.70 on Friday. AT&T Inc. has a twelve month low of $19.89 and a twelve month high of $29.79. The firm has a market capitalization of $176.11 billion, a PE ratio of 8.51, a PEG ratio of 1.27 and a beta of 0.25. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $23.49 and its 200 day moving average price is $25.16.
AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.86%. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $31.80 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. AT&T’s quarterly revenue was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. As a group, sell-side analysts expect that AT&T Inc. will post 2.34 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 36.75%.
About AT&T
AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.
AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.
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